Insurance risk management

Group Members Siddiqui

Mentor: Ms. Faizia

Ravi Kant Shukla Kumar Tiwari

GroupChaurasia Amit Kumar NameDurga Dutt Chauhan Panache

Akmal

Ashish

Siddiqui

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Seema

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Introduction

A general term insurance related to service sector. Insurance is concerned with the protection of economic value of assets. For example in case of a factory or a cow, the product generated by it is sold and income is generated. creating strong relationship and for a success full business every insurance company required financial planner.
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For

History of Bharti Axa Life Insurance

Bharti

AXA Life Insurance is a joint venture between Bharti, one of Indias leading business groups with interests in telecom, agri business and retail, and AXA, world leader in financial protection and wealth management. joint venture company has a 74% stake from Bharti and 26%stake of AXA. company launched national operations in Sep 2006. Today, company have over 5/27/12 8000 employees across over 12 states in

The The

Company profile
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Company Name: Bharti Axa Life Insurance Co. Ltd. Established: Sep,2006 Joint Venture: Insurance) Bharti Group & Axa(French

In 1816,it was listed as one of the worlds largest insurance company in Fortune 500 companies. CEO (Asia pacific region): Mike Bishop. CEO(India):Sandeep Ghosh Branches:More than 120 branches in India Headquarter: Mumbai Raheja Titanium, 5/27/12 Goregaon East,Mumbai.

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Haldwani(Nanital Branch)
Established: Address:

28 Nov, 2008 Haldwani,Nanital

Hall-3,Phase-I,Durga City Center

Branch Total

Manager:Mrs. Preeti Goel

Managers:7

Branch

Turnover: Approximately 68lac(C.P.)

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Designation Hierarchies
Bharti Group Bharti Axa Life Company Chief Executive Officer Chief Distribution Officer Head Agency
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Advisors
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ULIP(Unit Linked Insurance Plan)

It A. B. C. D.

offers four type of ULIP

Future Investment ULIP Power Kid ULIP Wealth one ULIP True wealth ULIP

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Future Investment Power Kid ULIP ULIP

50,000 Min Age-18yrs Max age-70yrs 26000 Min Age-18yrs Max Age- 50yrs

Min premium Age validation

S.A Premium Maturity Advisors Commission Allocation Charges Fund Allocation Service Tax Death Benefit

1time 5yrs 10yrs 4% 0%

20 times 5yrs 10yrs 5%

Future Investment ULIP 100% 92%

2.5% or Rs.6000 5/27/12 S.A + Fund tax:10.2% and 12.5%

8%

Wealth One ULIP

Min Premium Age validation 100000 Min Age- 18 yrs Max Age- 60 yrs

True Wealth ULIP

25000 Min Age- 18 yrs Max Age- 50yrs 5 yrs 10 yrs

Premium Maturity Allocation Charges Fund Allocation

Single (1 time) 10 yrs

8%

20% 80%

92%
80(c) and 10(10d)

Tax deduction Advisors commission

10% Wealth ULIP and 5% renewable commission 5/27/12

Other features offered by insurers along with ULIP

withdrawal:

Partial

It is allowed after 3 yrs of ULIP plan with 120% of C.P.

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SIP(Systematic Investment Plan)

It It

is a vehicle offered by mutual funds to help investors save regularly. includes money through minimum risk and return. money through maximum risk and return. and grow India through government bonds and
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q Save

q Grow q Save q Build

Thank you

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